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    OFF-MARKET
    Land

    0 16Th St, Vero Beach, FL 32966

    5 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 5-acre industrial land parcel presents a compelling investment opportunity in Vero Beach, Florida. Located on 16th Street, this property boasts convenient access to major transportation arteries, including the I-95 and SR 60 interchange, ensuring seamless logistics and efficient distribution. The lot is moderately wooded, offering a degree of seclusion while maintaining excellent visibility. Its zoning designation is (IL) Light Industrial, allowing for a variety of potential uses. The property's secluded location on 16th Street provides a low-traffic environment, ideal for storage yards or other businesses requiring ample space and easy maneuverability. County water and sewer services are readily available, simplifying infrastructure development. The 2023 property taxes amounted to $2,577.36. The asking price for this strategically positioned industrial land is $1,195,000. This represents a significant opportunity to acquire a substantial parcel in a rapidly growing area with excellent connectivity and zoning flexibility. Don't miss this chance to secure a prime location for your next venture.

    Property profile
    Verified
    Property type Land
    Lot 5 ac (217,800 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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